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Nice: Q3 Earnings Snapshot

Associated Press Finance
·1 min read

RA`ANANA, Israel (AP) — RA`ANANA, Israel (AP) — Nice Ltd. (NICE) on Thursday reported third-quarter profit of $92.4 million.

The Ra`Anana, Israel-based company said it had net income of $1.39 per share. Earnings, adjusted for stock option expense and amortization costs, came to $2.27 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.15 per share.

The software company posted revenue of $601.3 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $594.6 million.

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Nice expects full-year earnings in the range of $8.58 to $8.78 per share, with revenue in the range of $2.36 billion to $2.38 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NICE at https://www.zacks.com/ap/NICE